Research and Markets: Polyester Chain Report 2010 - The Polyester Staple Fibre Production Grew by 3.4% to 12.4 Million Tons in 2009

DUBLIN, Jan 22, 2011 (BUSINESS WIRE) -- Research and Markets (http://www.researchandmarkets.com/research/f846c2/polyester_chain_re) has announced the addition of the "Polyester Chain Report 2010" report to their offering.

This Polyester Chain Report: 2010 contains 146 pages packed with up-to-date, not-easy-to-find statistics and objective analysis of the trends and recent development of the polyester industry. It covers the entire polyester value chain beginning from ethylene and paraxylene further to intermediate, PTA & MEG, down to polyester fibre and filaments.

The report presents tabulation and graphical presentation of trends in demand and supply of polyester chain country-wise from 2004 to 2009 and projections up to 2015 for both fibre and filament. Processes description, end use and derivatives along with the latest producer-wise capacity are added features of this report.

The polyester staple fibre production grew by 3.4% to 12.4 million tons in 2009, spurred by demand and increased capacity utilization. During the year, capacity expanded by a mere 1%, while output and consumption are growing at faster rates.

Only 172,000 tons of net capacity was added during the year, with Asia alone adding 212,000 tons while other regions witnessed capacity shutdown. Within Asia, it was only China and Vietnam that added capacities.

Consumption of polyester staple fiber increased 3% to 12.4 million tons in 2009.

Asia, though accounting for 88% of global production, consumed 79% of global supplies in 2009, thus becoming the major exporter of PSF. However, in recent years, domestic demand within Asian countries has seen a steep rise. In the past 9 years, consumption of PSF recorded an increase of 7.7% per annum, slightly faster than the 7.4% growth in production.

Polyester filament yarn industry added a net capacity of 1.22 million tons in 2009 over and above the 1.50 million tons added last year. Thus, the total capacity stood at 26.4 million tons in 2009. The Asian region accounted for the entire capacity expansion and accounted for over 92% of global capacity.

Capacities in all the other regions had either declined or remained steady.

Middle East was seen slowly moving up in capacity building. Within Asia, it was only China and India that expanded their capacities, while Taiwan shut about 100,000 tons of PFY capacity.